Several banks who own stakes in WeWork, such as JPMorgan and Goldman Sachs, are expected to report investment losses in their third-quarter results coming out this week.
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Reports have revealed that the We Company may not have enough operating capital to make it through November, and its lenders are quickly trying to put together a bailout.
WeWork took part in a $4.6 million venture round for commercial real estate startup company Jones, despite the news that it could run out of money as soon as next spring.
WeWork India is seeking $200 million in new funding, while the We Company is looking to secure a $3 billion debt package with JPMorgan and another billion from Softbank.
After the We Company’s disappointing effort to go public, its China and India subsidiaries may feel the negative impact as investors distance themselves from the firm.
After WeWork delayed its initial public offering, the company is looking to recuperate through layoffs, changing corporate governance and abandoning some of its leases.
Design firm Gensler used its tools to build out a space for FastForward U, an innovation hub, that fosters collaboration, innovation, creativity and a sense of self.
Coworking is no longer synonymous with freelancers and startups — now, corporations like Microsoft and Uber are taking advantage of coworking’s flexible arrangements.